Last C$9.72 CAD
Change Today 0.00 / 0.00%
Volume 185.4K
AQN On Other Exchanges
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As of 1:00 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

algonquin power & utilities (AQN) Snapshot

Open
C$9.71
Previous Close
C$9.72
Day High
C$9.80
Day Low
C$9.66
52 Week High
12/2/14 - C$10.25
52 Week Low
01/27/14 - C$7.04
Market Cap
2.3B
Average Volume 10 Days
1.2M
EPS TTM
C$0.31
Shares Outstanding
238.1M
EX-Date
12/29/14
P/E TM
31.7x
Dividend
C$0.35
Dividend Yield
3.80%
Current Stock Chart for ALGONQUIN POWER & UTILITIES (AQN)

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algonquin power & utilities (AQN) Details

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in North America. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities. It owns interests in hydroelectric facilities with a combined generating capacity of approximately 125 megawatts (MW); wind powered generating facilities with a combined generating capacity of 650 MW; and thermal energy facilities with installed generating capacity of approximately 350 MW. The company also owns and operates electricity, natural gas, water distribution, and wastewater collection utility systems. It serves approximately 97,400 regulated water distribution and wastewater collection connections, 91,600 electric connections, and 291,800 natural gas connections in Arizona, Arkansas, California, Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire, and Texas. The company was founded in 1996 and is headquartered in Oakville, Canada.

Founded in 1996

algonquin power & utilities (AQN) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$519.7K
Chief Financial Officer and Chief Financial O...
Total Annual Compensation: C$298.3K
President of Liberty Energy Utilities Co
Total Annual Compensation: C$263.7K
President of Algonquin Power Co
Total Annual Compensation: C$263.7K
Compensation as of Fiscal Year 2013.

algonquin power & utilities (AQN) Key Developments

Algonquin Power & Utilities Corp. to Partner with Kinder Morgan

Algonquin Power & Utilities Corp. announced that it plans to participate in the development of Kinder Morgan's proposed Northeast Energy Direct natural gas pipeline project. Liberty Utilities (Pipeline & Transmission) Corp., have agreed to form a new entity to undertake the development, construction and ownership of a 30-inch or 36-inch natural gas transmission pipeline to be located between Wright, NY and Dracut, MA. The project is scalable up to 2.2 billion cubic feet per day (Bcf/d), and the pipeline capacity will be contracted with local distribution utilities, and other customers, to help ease constraints on natural gas supply in the northeast U.S. and help ensure much needed reliability to the power-generation grid. It is anticipated that the project will receive a FERC certificate in fourth quarter of 2016, with commercial operations occurring by late 2018. Under the agreement, APUC will initially subscribe for a 2.5% interest in Northeast Expansion LLC with an opportunity to increase its participation up to 10%. The total capital investment opportunity for APUC could be up to USD 400 million, depending on the final pipeline configuration and design capacity.

Algonquin Seeks Acquisitions

Algonquin Power & Utilities Corp. (TSX:AQN) (Algonquin) continues to look for acquisition opportunities. Algonquin intends to invest at least CAD 100 million in any new jurisdiction with supportive regulatory jurisdictions and demographics, said Peter Eichler, Director of Strategic Initiatives. Also Algonquin continues to look for opportunities to increase growth by utilizing tuck-ins such as the Keene Gas acquisition in New Hampshire and Park Water acquisition in Arkansas, added Peter.

Algonquin Power & Utilities Corp. Announces Additional 10MW Solar Generation Project

Algonquin Power & Utilities Corp. announced that it intends to proceed with a 10 MW project adjacent to its 20MW Bakersfield I Solar project in Kern County, California, which is currently under construction. The 10MW Bakersfield II Solar project executed a 20 year power purchase agreement on September 22, 2014 with a large California based electric utility. The project will be located on 64 acres of land adjacent to the 20MW Bakersfield I Solar project. Construction of Bakersfield I Solar is nearing completion, with commercial operations expected to occur in the first quarter of 2015. The total project cost for Bakersfield II Solar of approximately USD 27 million will be funded with a combination of senior debt, common equity and contributions from tax equity investors. Consistent with financing structures utilized for U.S. based renewable energy projects including Bakersfield I Solar, it is anticipated that Bakersfield II Solar will source financing in the amount of approximately 40% of the capital costs from certain tax equity investors. Construction of Bakersfield II Solar is anticipated to commence in mid-2015 following receipt of local permits and finalization of necessary construction contracts, subject to approval by the APUC board of directors. Commercial operation is targeted to occur in first quarter of 2016.

 

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AQN

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Valuation AQN Industry Range
Price/Earnings 50.0x
Price/Sales 2.2x
Price/Book 2.0x
Price/Cash Flow 14.6x
TEV/Sales 0.3x
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